Millrose Properties vs Outfront Media
Outfront Media is the larger business, with $1.83bn of revenue in fiscal 2025 against $600m for Millrose Properties (3.1 times as much). Millrose Properties kept more of each dollar of sales as profit: a net margin of 63.3% against 8.0%. Millrose Properties carries less debt relative to equity (36.1% against 366.0%).
| Latest fiscal year | Millrose PropertiesMRP, 2025 | Outfront MediaOUT, 2025 |
|---|---|---|
| Revenue | $600m | $1.83bn |
| Revenue growth | — | 0.0% |
| Net income | $380m | $147m |
| Operating margin | 80.9% | 16.0% |
| Net margin | 63.3% | 8.0% |
| Return on equity | 6.5% | 21.6% |
| Free cash flow | — | $219m |
| Cash | $35.0m | $99.9m |
| Total debt | $2.11bn | $2.60bn |
| Debt to equity | 36.1% | 366.0% |
| Dividend per share | $2.55 | $1.20 |
| Dividend yield | — | 3.7% |
| Share buybacks | — | — |
| Employees | — | 1,986 |
| Market value | $4.31bn | $5.68bn |
| Price vs our value range | — | — |
| Moat score | — | 37 (Weak) |
| Insider trades, 12 months | 12 buys, 0 sales | 1 buys, 17 sales |